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Bangkok Post
Bangkok Post
World

INSANE: Russia decries dangerous oil price cap | Vintage Vibes

The tanker Vladimir Arsenyev is seen at the Kozmino crude oil terminal on Nakhoda Bay near the port city of Nakhodka, 90km east of Vladivostok in the Russian Far East. (Reuters File Photo)

Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a “dangerous” attempt by Western governments to introduce a price cap on its crude exports.

A coalition of Western countries led by the G7 group agreed on Friday to cap the price of Russian seaborne oil at $60 a barrel, as they aim to limit Moscow’s revenues and curb its ability to finance its invasion of Ukraine.

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